Umicore Sa · EURONEXT:UMI
Umicore Sa — Investor Day (September 2015)
29 slides from Umicore Sa's investor day presentation, Sep 2, 2015
Slide 1: 2 September 2015, Andaz London Liverpool Street
2 September 2015 Andaz London Liverpool Street
Slide 2: Catalysis
Catalysis Speaker Pascal Reymondet Executive Vice-President Catalysis
Slide 3: Business Group profile
Business Group profile Catalysis Precious Metals Automotive Chemistry Catalysts (PMC) (AC) 3
Slide 4: Precious Metals Chemistry
Precious Metals Chemistry • Growth in Automotive Catalysts Main • Increasing MOCVD business growth drivers • Growing hAPI business for life science applications • Scale effects Profitability • Operational excellence drivers • Proprietary production process technology 4
Slide 5: Automotive Catalysts
Automotive Catalysts
Slide 6: Agenda
Agenda Business Business Market Growth Key model drivers segments ambitions takeaways 6
Slide 7: Agenda
Agenda Business Business Market Growth Key model drivers segments ambitions takeaways 7
Slide 8: Automotive Catalysts (AC)
Automotive Catalysts (AC) Business model: At AC we develop technologies which allow our customers to meet automotive emission legislation at the lowest Total Cost of Ownership Complete catalyst systems to reduce Customer exhaust focus gas emissions People Operational engagement excellence Global man
Slide 9: Global footprint
Global footprint 16 plants in 13 countries, 8 R&D / test centres in 6 countries Florange Rheinfelden Bad Säckingen Hanau Karlskoga Nowa Ruda France Germany Germany Germany Sweden Poland Burlington Ansan Songdo Canada Korea Korea Auburn Hills USA Onsan Korea Tulsa USA Tokoname Japan Americana Brazil
Slide 10: Global position in Light Duty Vehicles and Heavy Duty Diesel
Global position in Light Duty Vehicles and Heavy Duty Diesel LDV HDD • Broad technology portfolio addressing all • Broad technology portfolio for emission control needs of gasoline and On-Road and Non-Road diesel engines • Global R&D and test centre footprint • Global R&D and test centre footprint s
Slide 11: Agenda
Agenda Business Business Market Growth Key model drivers segments ambitions takeaways 11
Slide 12: Light and heavy duty market segments set to grow
Light and heavy duty market segments set to grow LDV Production by region HDD Production by region CAGR: 2.9% CAGR: 5.8% million million Europe/Africa Japan/Korea South America China North America South Asia Source: IHS, KGP and 12 Umicore assumptions
Slide 13: Tightening legislation: a key driver for strong growth
Tightening legislation A key driver for strong growth LDV: 8 legislation changes HDD On-Road: 13 legislative between 2015-2020 changes with tighter standards beyond 2015 • Advanced markets: CO2 (fuel efficiency), Particulate Number and Real Driving Emission standards are main driver for new aftertre
Slide 14: Agenda
Agenda Business Business Market Growth Key model drivers segments ambitions takeaways 14
Slide 15: Light Duty Vehicle production
Light Duty Vehicle production Growing market driven primarily by growth in Asia LDV production by region CAGR: 2.9% globally CAGR: 4.7% China CAGR: 7.5% South Asia million Europe/Africa Japan/Korea South America Source: 15 China North America South Asia IHS, August 2015
Slide 16: Gasoline dominates LDV Market
Gasoline dominates LDV Market LDV engine production by fuel type 120 million vehicles CAGR: 29.2% 100 21 22 21 21 19 20 80 18 19 CAGR: 1.7% 18 60 CAGR: 2.7% 40 78 79 81 83 71 74 76 68 69 20 CAGR: 2.8% 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 Gas Alternative fuels (CNG, LPG) Diesel Electric + F
Slide 17: LDV emission legislation roadmap
LDV emission legislation roadmap 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 USA Tier 2 Tier 3 USA (CARB) LEV II LEV III EU Euro 5c Euro 6b Euro 6c Russia Euro 3 Euro 4 Euro 5 Japan Japan 2009 China - National C3 C4 C5 C6 China - Beijing Beijing 4 Beijing 5 Beijing 6 (Gasoline only) India
Slide 18: EU emission legislation roadmap
EU emission legislation roadmap Legislation drives complexity Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Emission Euro 5 Euro 6b Euro 6c standards Real Driving Development and NTE-Limit – Conformity Factor (CF) Emissions measurement phase CF stage 1 CF stage 2 t.b.d. CO2 130 g/km 95
Slide 19: Diesel essential for compliance with CO2 and fuel efficiency requirements
Diesel essential for compliance with CO2 and fuel efficiency requirements 20 – 25% more fuel efficient and 15% Euro 6b diesel engines Clean diesel cars less CO2 than (clean diesel) remove (Euro 6c – stage 2) are equivalent gasoline 99.9% of number of as clean as equivalent cars particulates gasoline
Slide 20: Umicore uniquely positioned in the entire LDV drive train
Umicore uniquely positioned in the entire LDV drive train ICE (p)HEV Emission Battery cathode control materials and catalysts emission control catalysts BEV Battery cathode Fuel cells Electro-catalyst materials and battery cathode materials 20
Slide 21: Heavy Duty Diesel engine production
Heavy Duty Diesel engine production China dominates the HDD engine market . . . Engines – On-Road and Non-Road CAGR: 5.8% million Europe/Africa Japan/Korea South America Source: 21 China North America South Asia KGP and Umicore assumptions
Slide 22: HDD emission legislation roadmap
HDD emission legislation roadmap HDD 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Europe EU V EU VI a,b EU VI c North America EPA10 GHG Regulation, Phase 1 GHG Regulation, Phase 2 Japan JP 09 JP 16 South Korea EU V EU VI EUVIc? Brazil EU III EU V EU VI ? Russia EU III EU IV EU V India (Mai
Slide 23: Legislation drives complexity
Legislation drives complexity NA remains largest market for catalysts CAGR: 7.8% Million liters Others 29% On-Road China On-Road EU 71% On-Road NA On-Road NA On-Road Europe On-Road China On-Road Korea On-Road Japan On-Road India On-Road SA Non-Road NA Non-Road Europe Non-Road Korea Source: KGP and U
Slide 24: Current position in HDD segment
Current position in HDD segment • Solid position in Europe with a full competitive product portfolio and production lines running at full capacity • Strong position in Korea and in Brazil • Major CNIV and CNV awards won in China and therefore well positioned to participate in the growth of the marke
Slide 25: Agenda
Agenda Business Business Market Growth Key model drivers segments ambitions takeaways 25
Slide 26: Growth strategy 2015-2020
Growth strategy 2015-2020 Light duty gasoline – increase our position largely through Light duty diesel – HDD – grow faster presence with consolidate recent than the HDD Japanese OEMs gains catalyst market 26
Slide 27: Umicore well positioned to outgrow the market
Umicore well positioned to outgrow the market Contracts secured Production capacity in both LDV and HDD in place by 2016 Highly Technical capabilities to engaged people address tightening norms Portfolio of competitive technologies 27
Slide 28: Agenda
Agenda Business Business Market Growth Key model drivers segments ambitions takeaways 28
Slide 29: Key takeaways
Key takeaways Umicore is unique in Market drivers – Umicore has the that we are agnostic on the volumes potential to grow technology choices not just in (production) and faster than the Internal Combustion Engine value (legislation) catalyst market in but also hybridization and are supportive both L